Value-Add 104-Unit Apartment
852 E Main St Blytheville, AR 72315
852 E Main St, Blytheville, AR, 72315
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For Sale
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Pending
104-unit apartment community is 78.8% occupied, with over 20 units currently being renovated by the ownership group.
Days on Market102
Property Features for 852 E Main St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Waller Group Homes
(214) 818-4109
Listed by
Logan Waller · License #TX 0479147
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 1:49PM Checked: Jul 21 at 1:49PM
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Investment Insights
Based on property information with market context.
This value-add 104-unit apartment community in Blytheville is 78.8% occupied. Ownership is in the process of flipping 20+ of the 104 units, with renovations that include new flooring, new appliances, new paint, and repairs to walls and electrical. The property is self-managed. Current results show $266,774 in annual NOI, with pro forma underwriting using a 3% management fee.
Blytheville is located in northeastern Arkansas along Interstate 55 between St. Louis, Missouri and Memphis, Tennessee. Area employers include Nucor Steel, Maverick Tube Corporation, Blytheville School District, Walmart, and TMK IPSCO. The area multifamily market has experienced 14.3% effective rent growth, and major regional development announcements include a new 515,000 SF processing and warehousing facility at Nucor Hickman expected to create approximately 255 jobs.
Blytheville is located in northeastern Arkansas along Interstate 55 between St. Louis, Missouri and Memphis, Tennessee. Area employers include Nucor Steel, Maverick Tube Corporation, Blytheville School District, Walmart, and TMK IPSCO. The area multifamily market has experienced 14.3% effective rent growth, and major regional development announcements include a new 515,000 SF processing and warehousing facility at Nucor Hickman expected to create approximately 255 jobs.
Key Highlights
- 104‑unit apartment community in Blytheville, AR, currently 78.8% occupied.
- Ownership is renovating/flipping 20+ units, including new flooring, appliances, paint, and wall/electrical repairs.
- Renovated units are expected to increase rents by 15–20% based on area rent comps.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Apartment building - 104-unit apartment community is 78.8% occupied, with over 20 units currently being renovated by the ownership group.
Where is this apartment building located?
The property is located at 852 E Main St Blytheville, AR.
What are key features of this property?
This property features: 104‑unit apartment community in Blytheville, AR, currently 78.8% occupied.; Ownership is renovating/flipping 20+ units, including new flooring, appliances, paint, and wall/electrical repairs.; Renovated units are expected to increase rents by 15–20% based on area rent comps.
